Thursday’s big movers; Apple slides 2.1%

Shares of Diamond Foods, Children’s Place Retail under pressure

SAN FRANCISCO (MarketWatch) — Shares of NetApp Inc., PetSmart Inc. and Diamond Foods Inc. made big moves during U.S. trading Thursday, while Apple Inc. and GameStop Corp. were among top trending tickers.

Top tickers trending

$AAPL: Apple
AAPL, -0.87%
shares closed down 2.1%. Even chatter on Twitter of an accelerated stock buyback by the tech company did not provide much relief for the stock.

Stores bring Black Friday to the Web

(3:09)

As retailers gear up for the traditional Black Friday shop-fest, they are focusing not only on the mobs that line up outside stores but also - and increasingly -- on the masses that stay home to shop online.

Apple had announced in March that it will launch a $10 billion share repurchase program after Sept. 30. The move is aimed at “neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs,” the company said at the time.

@MicroFundy: The Gnome turns into “vague rumors” $AAPL

@Tangletrade: nothing like “vague” rumors to help $AAPL a bit. Does spreading a “vague” rumor make it even more vague?

@DougKass: Vague rumors of an accelerated buyback at Apple this afternoon $AAPL

$GME: GameStop
GME, -0.67%
shares added 4.3%. The videogame retailer earlier Thursday reported results showing it swinging to a net loss of $624.3 million, or $5.08 a share, from a profit of $53.9 million, or 39 cents a share, a year earlier. Adjusted to exclude write-downs and charges, earnings would have been 38 cents a share, above the 33-cent consensus forecast of analysts in a FactSet survey.

GameStop’s board also approved a new $500 million share-buyback program, replacing the company’s remaining $242 million available under an existing authorization. GameStop swings to Q3 loss

Meanwhile, the company is facing pressure to cancel its plan to open for business on Thanksgiving Day instead of waiting until the day after. A group of Target customers, employees and shareholders have gone as far as to sign a petition on the site Change.org to get the retailer to change its mind. Target’s ‘Black Thursday’ move under fire

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